Lightspeed Commerce (TSE:LSPD) Price Target Lowered to C$15.00 at National Bankshares

Lightspeed Commerce (TSE:LSPD - Get Free Report) had its price target decreased by investment analysts at National Bankshares from C$20.00 to C$15.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. National Bankshares' target price suggests a potential downside of 21.26% from the stock's current price.

A number of other equities research analysts have also recently commented on LSPD. Raymond James lowered their price target on shares of Lightspeed Commerce from C$36.00 to C$29.00 and set an "outperform" rating on the stock in a report on Friday. Stifel Nicolaus lowered their target price on shares of Lightspeed Commerce from C$18.00 to C$15.00 and set a "hold" rating on the stock in a report on Friday. Scotiabank lowered their target price on shares of Lightspeed Commerce from C$21.00 to C$19.00 and set an "outperform" rating on the stock in a report on Friday. TD Securities lowered their target price on shares of Lightspeed Commerce from C$19.00 to C$13.00 and set a "hold" rating on the stock in a report on Friday. Finally, CIBC lowered their target price on shares of Lightspeed Commerce from C$35.00 to C$30.00 and set an "outperform" rating on the stock in a report on Friday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$20.31.

Lightspeed Commerce Stock Performance

Shares of TSE LSPD traded up C$0.01 during midday trading on Friday, reaching C$19.05. The company's stock had a trading volume of 615,380 shares, compared to its average volume of 623,466. Lightspeed Commerce has a 12-month low of C$16.04 and a 12-month high of C$26.60. The firm has a 50 day moving average price of C$21.98 and a 200-day moving average price of C$20.95. The stock has a market capitalization of C$2.89 billion, a P/E ratio of -14.22 and a beta of 2.69. The company has a debt-to-equity ratio of 0.99, a current ratio of 6.19 and a quick ratio of 6.05.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc.